https://www.taxtmi.com/caselaws?id=26866 The Tribunal's rejection of an affidavit and its treatment of unexplained as income from undisclosed sources was held to be a matter of appreciation of evidence and factual inference. The High Court found that the affidavit had been rejected for valid reasons by the authorities below, and that no question of law arose merely because the conclusion was drawn from proved facts. The assessee's argument that the correctness of that inference itself raised a question of law was not accepted, and the reference under section 256(1) of the Income-tax Act, 1961 was declined. en-us Mon, 15 Jul 1985 00:00:00 +0530 Tue, 09 Feb 2010 10:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26866 The Tribunal's rejection of an affidavit and its treatment of unexplained as income from undisclosed sources was held to be a matter of appreciation of evidence and factual inference. The High Court found that the affidavit had been rejected for valid reasons by the authorities below, and that no question of law arose merely because the conclusion was drawn from proved facts. The assessee's argument that the correctness of that inference itself raised a question of law was not accepted, and the reference under section 256(1) of the Income-tax Act, 1961 was declined. Case-Laws Income Tax Mon, 15 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26866